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ICR Inc. handles FAT Brands as the Los Angeles-based fast-casual, quick-serve restaurant owner/franchisor acquires Smokey Bones Bar & Fire Grill chain from Sun Capital Partners.
The $30M acquisition puts FAT (Fresh. Authentic. Tasty.) into the barbecue business. Smokey has 61 outlets in 16 states.
“Having a strong player in the barbecue space provides another arrow in our quiver for the polished dining segment and opens the door for additional growth strategies for our sister brands,” said Andy Wiederhorn, chairman/founder of FAT.
His company owns 17 brands including Johnny Rockets, Ponderosa and Bonanza Steakhouses, Pretzelmaker, Fatburger, Round Table Pizza and Hot Dog on a Stick.
ICR’s Michelle Michalski has IR duties for Fat Brands.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
